Develop A Pro Forma Income Statement and Balance Sheet
Develop a pro forma income statement and balance sheet for Wal-Mart for the fiscal year ending January 31, 2006. Assume the following (in addition to the information provided in the case): selling, general and administrative expenses at 17.3 percent of anticipated net sales; interest on debt at an average rate of four percent; no change in the number of shares outstanding as of January 31, 2005; no change in prepaid and other current assets, other assets, accrued liabilities, deferred income tax, or minority from the January 31, 2005 levels. State any other key
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